With January winding down, tax season is upon us! If you would still like to contribute to your RSP, the deadline is March 1, 2018. Taking the time in the next few weeks to discuss your contribution prior to month end will ensure your contribution is processed for the 2017 tax year. You can consult your 2016 Notice of Assessment to see your unused contribution room and your Money Advisor Wealth Management Advisor is available to discuss this further with you.
The 2018 TFSA annual contribution limit remains at $5,500. If you have never contributed to a TFSA, your total contribution limit is $57,500 as of 2018. If you are interested in learning more about a TFSA, we are more than happy to discuss this with you.